Short Interest in Tuniu Co. (NASDAQ:TOUR) Declines By 13.6%

Tuniu Co. (NASDAQ:TOUR) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 158,000 shares, a drop of 13.6% from the December 15th total of 182,900 shares. Based on an average daily volume of 298,000 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Tuniu from a “hold” rating to a “buy” rating in a research report on Friday, November 29th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Symmetry Peak Management LLC bought a new position in shares of Tuniu during the third quarter valued at about $39,000. XTX Topco Ltd grew its stake in shares of Tuniu by 163.8% during the third quarter. XTX Topco Ltd now owns 28,986 shares of the technology company’s stock valued at $41,000 after buying an additional 18,000 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Tuniu during the third quarter valued at about $50,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Tuniu by 13.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 137,877 shares of the technology company’s stock valued at $196,000 after buying an additional 16,248 shares during the last quarter.

Tuniu Trading Up 1.1 %

Shares of NASDAQ:TOUR opened at $0.97 on Friday. The stock’s 50-day moving average price is $1.04 and its 200-day moving average price is $0.99. Tuniu has a 12-month low of $0.59 and a 12-month high of $1.76. The stock has a market capitalization of $119.65 million, a P/E ratio of -96,610.00 and a beta of 1.70.

Tuniu Company Profile

Tuniu Corporation operates as an online leisure travel company in China. The company offers various packaged tours, including organized and self-guided tours; and other travel-related services, such as tourist attraction tickets, visa application services, accommodation reservation, financial services, and hotel booking services, as well as air, train, and bus ticketing for leisure travelers.